This Retired Teacher Paid Off $90k in 14 Months — How?

The Debt Avalanche Method

Margaret’s financial advisor introduced her to the debt avalanche method: paying minimum payments on all debts while directing every additional dollar to the highest-interest debt first. This is mathematically optimal




it minimizes total interest paid over the life of the repayment. Her credit card at 24 percent APR was the first target. Once eliminated, the money that had gone to that card was redirected to the next highest rate, creating a snowballing effect.